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Geologix Explorations Inc. (TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(MUN:GF6)(STUT:GF6) announced additional assay results from the Company’s resource expansion and infill drilling program completed at its 100% owned Tepal gold-copper project in the state of Michoacán, Mexico.
As quoted in the press release:
As quoted in the press release:
- Initial assay results from the project’s Tizate Zone have achieved the program’s three main objectives:
- Several holes have identified substantial intervals of gold and copper mineralization at depth extensions beyond the previous resource outline (see news release dated April 11, 2011);
- Multiple intersections of gold and copper grades above the Tizate Zone’s resource average; and
- Infill drill holes encountering grades and width expected to upgrade a proposed new resource to a higher mineral category as part of a subsequent pre-feasibility study.
Geologix Explorations Inc., President & CEO, Dunham Craid, said:
“We are pleased with the first results from the Tizate Zone drilling as once again drill results from this important program are meeting our main objective to achieve the necessary drill density to upgrade the resource category in an updated resource estimation for a pre-feasibility study. We are equally pleased to see several intersections of elevated gold grades within the central portion of Tizate. We’re also encouraged by depth extension results from holes TIZ-11-062, TIZ-11-063, TIZ-11-065, that appear to be expanding the mineralization at depth with higher than average grades. These latest results combined with the 37 resource expansion holes drilled at Tizate earlier in the year (subsequent to the April 2011 PEA and reported in news release dated July 20, 2011) give us encouragement for the potential to expand Tizate.”
Click here to read the Geologix Explorations Inc. (TSX:GIX) press release
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